RE: RE: Silverstocks3..help!Mudcreeker....
....If you want to maintain that the price of the underlying commodity hasno effect at all on the share price of a producer/explorer, that'sentirely up to you, but don't expect to maintain a lot of credibility.....
Never said that - what i did say is SLX - for some reason - has not tracked in fact has seriously lagged the price of silver since last Dec. Fact. And at yesterday's post showed a chart that SLX/SILVER relationship was at multiyear lows. Good entry pont. Yea...the price of silver is important long term to the underlying pm stock. But SLX....the last 8 months the price of silver was irrelevant to SLX's stock price. And yes..THAT makes NO sense, but true. Only price matters.
Been at this over 30 years. The most common post at SH or anywhere else is. What's wrong? Price of Silver/Gold is up and we're not moving...what? How can that be? What's up? Who is manipulating our stock. Thieves!!! etc..etc...etc...etc...
Funny how GGCRF has had higher volume this year - couple times but today's volume in SLX, as someone else noted id the highest of the year?
Volume spikes attract eyeballs. Even if its just day traders.
Why the spike? Annual news? Newsletter guru pump?
If it was at the Annual ...anything " material " would have to be released in a PR. ASAP!
This won't reset on today's prices till later but back to DEC - SLX/SILVER relationship gets us to $1.25.
https://stockcharts.com/h-sc/ui?s=SLX.TO:$SILVER&p=D&yr=1&mn=0&dy=0&id=p54509715152
With a little promotion and news...who knows.
Thoughts?